I received a confusing alert during a transaction, and I hope someone can help me understand what it actually means.
I have a Vanguard brokerage/non-retirement account; I have set up a weekly automatic buy of VTSAX in this account.
Dollar cost averaging buys of VTSAX have been running for the past few months like clockwork. The last one completed on 11/19/2021; the next is scheduled for 11/26/2021 (or whenever it ends up happening due to the holiday)
So far, so good. No complaints.
I also have a Vanguard inherited IRA account that I need to take my 2021 RMD from.
The inherited IRA holds some VTSAX.
Today's plan was to sell enough VTSAX from the inherited IRA to satisfy the RMD.
However, at the very last screen before confirming the transaction, I saw this:
That scared me and I cancelled the transaction.Alert
Total Stock Market Index Admiral
This fund is subject to the frequent-trading policy and limits you from buying more shares until 12/26/2021.
Is this saying that if I take my RMD by selling some VTSAX in my inherited IRA account, that I WILL BREAK the weekly auto-buys of VTSAX in my brokerage/non-retirement account??? For a whole month, until 12/26/2021??? They are two entirely separate accounts.
I hope the alert is saying that after selling some VTSAX from the inherited IRA account, I cannot buy more VTSAX in the inherited IRA account until 12/26/2021.